Long term: weak
On a yearly basis, Bollinger bands spread is above a reference one. Moving averages are up and stochastic is neutral.
On a quarterly basis, Bollinger bands will be flat. Stochastic and MACD are not yet oversold. MQ is our main resistance.
On a monthly basis, stochastic and MACD are oversold and M23 will continue to decline.
Idea: as long as the trend for our monthly moving averages is against the MACD one, no main trend will emerge
Bet: nothing to do.
R= MQ (.8541), UQ (.9305); S= MM (.833), LM (.77)
Medium term: rise
On a weekly basis, with a NEI on the monthly basis, no bull market could be in progress.
Idea: weekly MACD is our leading indicator
Bet: towards .8541.
R= MQ (.8541); S = MW (.8105).
Short term: rise
A type II is in progress.
Idea: use parallel rules
Bet: add long position.
R = MQ (.8541); S = MD (.8239).
Conclusion: long with a PEI as a status for our daily stochastic.